DRAB CROPS BOOSTING OLIVE OIL PRICES 30% OR MORE

MATAWAN, N.J. -- Continued crop shortages will hoist olive oil prices 30% or more this year, according to the North American Olive Oil Association here.Hikes of 6% to 15% occurred in January, and more are expected next month, retailers and suppliers said. "One [supplier] told me his list prices went up 15% in January and will go up another 25% in March," said Richard Sullivan, NAOOA president."The

MATAWAN, N.J. -- Continued crop shortages will hoist olive oil prices 30% or more this year, according to the North American Olive Oil Association here.

Hikes of 6% to 15% occurred in January, and more are expected next month, retailers and suppliers said. "One [supplier] told me his list prices went up 15% in January and will go up another 25% in March," said Richard Sullivan, NAOOA president.

"The consumer demand is just very high, and the available supply is probably 25% be

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